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Author Question: A regression analysis with ________ explanatory variables is called a ________. A) two or less; ... (Read 29 times)

darbym82

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on: Jul 1, 2018
A regression analysis with ________ explanatory variables is called a ________.
 
  A) two or less; limited regression
  B) exactly two; binomial least squares regression
  C) one; dependent regression
  D) two or more; multivariate regression

Question 2

Blowdryer businessman Max Power is starting a new hairdryer business. Max estimates his production function to be q = KL0.5. Max has 60 units of capital (K = 60 ). Derive Max's MP and AP of labor for the current level of capital.
 
  What will be an ideal response?


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triiciiaa

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

The AP = q/L = 6/L0.5. The MP = dq/dL = 3/L0.5.


darbym82

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Reply #2 on: Jul 1, 2018
Correct answers!


triiciiaa

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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